“The needs of business, and the extensive market obviously waiting, assured the advent of mass-produced arithmetical machines just as soon as production methods were sufficiently advanced.
With machines for advanced analysis no such situation existed; for there was and is no extensive market; the users of advanced methods of manipulating data are a very small part of the population.”

— Vannevar Bush , book As We May Think

As We May Think (1945)

Adopted from Wikiquote. Last update June 3, 2021. History

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Vannevar Bush 57

American electrical engineer and science administrator 1890–1974

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“The advanced arithmetical machines of the future will be electrical in nature, and they will perform at 100 times present speeds, or more.
Moreover, they will be far more versatile than present commercial machines, so that they may readily be adapted for a wide variety of operations. They will be controlled by a control card or film, they will select their own data and manipulate it in accordance with the instructions thus inserted, they will perform complex arithmetical computations at exceedingly high speeds, and they will record results in such form as to be readily available for distribution or for later further manipulation.”

Vannevar Bush book As We May Think

As We May Think (1945)

“Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial advance, I would be well satisfied to match the advance of the averages.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Second annual letter to Limited Partners (1957) http://www.safalniveshak.com/wp-content/uploads/2013/12/Warren-Buffett-Berkshire-Letters-1957-2012.pdf
Letters to Shareholders (1957 - 2012)

“The way to advance the nation's prosperity and achieve higher standards of living for all is through science and technology, taking advantage of better tools, methods and organization, and substituting machines and power for human backs.”

Charles Erwin Wilson (1890–1961) American secretary of Defence

Charles E. Wilson in, Michigan Business Review, (1949), Vol. 1-2, p. 3

“We mustn't fear to adopt the advanced management methods applied in capitalist countries (…) The very essence of socialism is the liberation and development of the productive systems (…) Socialism and market economy are not incompatible (…) We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.”

Deng Xiaoping (1904–1997) Chinese politician, Paramount leader of China

Cited by António Caeiro in Pela China Dentro (translated), Dom Quixote, Lisboa, 2004. ISBN 972-20-2696-8

“In theoretical science, the question is—What are we to think? and when a doubtful point arises, for the solution of which either experimental data are wanting, or mathematical methods are not sufficiently advanced, it is the duty of philosophic minds not to dispute about the probability of conflicting suppositions, but to labour for the advancement of experimental inquiry and of mathematics, and await patiently the time when they shall be adequate to solve the question.”

William John Macquorn Rankine (1820–1872) civil engineer

p, 125
"On the Harmony of Theory and Practice in Mechanics" (Jan. 3, 1856)

“In doing so, socialist, labor, and social democratic parties contributed to -- though they were not the sole authors of -- the development of the mixed economies that exist in advanced countries today. If these mixed economies are a far cry from the centralized systems that were created in Eastern Europe under Leninist rulers, they are also very far from the classical liberal model of a self-regulating market economy. If we look to the most advanced economies for guidance, then we should not allow ourselves to be misled by dogma about "free markets."”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 3 : Democracy and Markets

“It is a far cry from the abacus to the modern keyboard accounting machine. It will be an equal step to the arithmetical machine of the future. But even this new machine will not take the scientist where he needs to go. Relief must be secured from laborious detailed manipulation of higher mathematics as well, if the users of it are to free their brains for something more than repetitive detailed transformations in accordance with established rules.”

Vannevar Bush book As We May Think

As We May Think (1945)

“Technological advance often thrives in sheltered and subsidized markets, which defy free trade.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 3, Trade, p. 97

“It treated the individual as complementary to the machine rather than as an extension of it”

Eric Trist (1909–1993) British scientist

Jordan, 1963
The evolution of socio-technical systems, (1981)

“Of course, we are applying advances in technology. But when you use those advances just to boost the processing power, the trade-off is that you increase power consumption, make the machine more expensive and make developing games more expensive. When I look at the balance of that trade-off -- what you gain and what you lose -- I don't think it's good. Nintendo is applying the benefits of advanced technology, but we're using it to make our machines more power-efficient, quieter and faster to start. And we're making a brand-new user interface. I think that way of thinking is the biggest difference.”

Satoru Iwata (1959–2015) Japanese video game programmer and businessman

Q&A: Video-game industry maverick promises a Revolution, 2007-03-03, Bishop, Todd, 2005-05-20, Seattle Post-Intelligencer http://seattlepi.nwsource.com/business/225097_e3iwata20.html,

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